2026 tech layoffs reach 45,000 in March(technode.global) |
2026 tech layoffs reach 45,000 in March(technode.global) |
2020 and 2023 both had serious layoff spikes, but the 2023 spike trailed off to an asymptote that we're still hovering around.
I'm sure some underreporting occurs, but what evidence is there that underreporting is worse this year than last year or the year before?
AFAICT, the general populace is anxious about AI. So, the news knows they can get clicks with “You are right to be afraid. AI bad.” Meanwhile, CEOs know they can get stock boosts by saying “We are so AI we don’t need expenses. Infinite ROI!”
Put together we’re getting a ton of scary reporting on what looks like a quite normal business cycle (at least as far as layoffs go). And, everyone being afraid to hire is the only thing actually making it self-fulfilling.
Apparently 20% to be laid off soon.
https://www.reuters.com/business/world-at-work/meta-planning...
It would be sad if it wasn't so unbelievably destructive to everything it touches.
As for Meta, I give Mark credit for trying, even if he failed so far with all the VR stuff. The main disappointment is about Llama cause it's clearly an execution problem. With Meta's investments in AI throughout the years, not being able to compete with Anthropic and OpenAI is a big failure.
I’ve worked at a company that pulled the layoff lever a lot but never did the hard work of investing in fixing the broken stuff… the layoffs actually just made everything worse.
If you have a team whose job is to put duct tape on the widget when it leaks, and you lay off most of that team without fixing the widget, your leak gets worse because you have fewer people with duct tape.
What you need is find people who can fix the widget, then fire all the duct tape people.
There's always going to be duct tape stuff around, and you don't want the people who can actually fix widgets to wind up running around with their hair on fire applying duct tape to keep it running without any time to fix widgets.
And when there's too much duct tape jobs going around the widget fixers may take a look at it all and decide they don't get want to get stuck with applying duct tape once all the duct tape appliers are fired, so they just skip to some other job.
You're always going to have some duct tape.
The health of an organization is often linked in their ability to fire people.
They'll never be able to explain what they want to the AI, and even if they could, it couldn't solve the problem anyway.
Nevertheless I'm not going to be contracting much longer, I'm writing software by hand to compete with the garbage shat out of Claude's VibeCloaca. I already have customers, I just need to ... tune a few things before I scale, so that I don't have any customer support problems at scale. :)
Well, maybe they can spin up some fake users with all those GPUs to use their shitty site.
(Oh, heh. I just remembered that they actually did that: https://techcrunch.com/2026/03/10/meta-acquired-moltbook-the...)
1. Google is getting so much productivity out of their AI that they need fewer people.
2. Google is spending so much on AI they can’t afford to keep the people they need.
I think AI is being used as an excuse for layoffs rather than the cause. Companies don’t have the cash and times got a bit too rich. This is the cyclical pull back that has been going on for decades.
Not in some AI "dey took er jerbs" kind of way, but because businesses are turning their investment focus towards AI-related ventures, like building data centres, and away from investments that require tech workers. Non-residential construction jobs, for example, have surged.
I'm the last remaining frontend developer after multiple rounds of layoffs. With claude code I'm able to do 2x-3x the work I was able to do before it existed. It's hard for me to rationally argue we need more frontend developers.
What about when you need a day off, or when you quit unexpected?
Crazy thing is, I delivered optimizations that saved 1m USD over the last 12 months, with another optimization in-flight that would save another 1m USD. I thought that was enough to protect me from layoffs/PIPs - I guess no one was counting.
AI is just an excuse for layoffs which IMO CEOs are trying to use to recover share prices from the SaaS-pocalypse. Looks like layoffs aren't hitting the same for stock prices as they once were.
reality - companies are choosing to spend money on CAPEX (i.e infrastructure things hoping that they can ride an uncertain wave into the future) and not spend on OPEX (humans)
reality - AI agents are not doing human jobs.
reality - money | debt is now more expensive. hence if you were spending more of it on OPEX stuff you would rather reduce that
reality - more coasting jobs in tech. demand for stuff that still needs to get done is super high - workers just need to get more distributed and not hoarded at the big paying firms
All there is are layoffs because of interest rates and concerns about the economic outlook. Companies using "AI" as a fig leaf justification and people are apparently falling for it.
Calls locked in.
The reason for this has nothing to do with how productive the devs are per se and everything to do with bloated decision making processes and extremely high communication overhead. “AI” does nothing for that (in fact, I’m seeing integrated suggestions in ticket tracking tools making things spammier and reducing quality of tickets, so if anything, it’s making it worse)
All of a sudden all of the terrible, horrifying methods of measuring lines of code, commits, tasks etc. resurfaced, like world was hit with an amnesia meteor.
I guess some of that infrastructure will get used for AI R&D, but there are other R&D costs such as salaries that wouldn't be included in the figure.
I can only work so many hours in a day on a contract, but with a product, I can work 3 hours and sell it 200 times, or license it and make money forever.
My customers have said to me point blank "I hate SaaS" and paid me anyway. They've said everything is "so easy with GPT and all now", and paid me anyway.
I think I have a chance.
Maybe I'll be proven wrong and my AI-using competitors will eat my lunch.
Or maybe, I'll drown them and Claude in complexity and attention-to-detail.
We'll see.
It sounds like you could use an apprentice to help handle things as a backup plan.
3. Google is spending so much on AI that they can't afford to keep paying people, but they are ok with this because they are convinced the AI investment will replace the people at an eventual cost savings.
I got further faster by just answering emails right away than by churning out code. I got constant kudos, which got me promoted, and invited to more meetings, which led to less actual work. All because I just started replying to emails sent to our group. In retrospect it feels pretty perverse.
In lean companies and startups...perhaps not so much.
It is very simple: you are a good employee if your boss(es) think you are.
That’s it. Nothing else matters in terms of career advancement or retainment.
FWIW, I read this as equating a particular regional accent with stupidity.
I imagine it wasn't intentional, but it's something to consider.
In their defense, they make fun of nearly everyone. But they definitely were mocking White Southerners there.
What do you think makes you feel unsure if you were intentional or not?
I tried asking it some technical questions that Gemini can handle just fine, and it quickly started giving false information and contradictions.
The basic issue is none of it seems to be making any money when it ends up in products and services.
Main reason there seems to be that their walled garden approach is tolerated at best. They just aren't very good at it outside of a feed.
> increasing addictiveness for the weak minds
This kind of statement is like saying only fools fall for spearphishing attacks. IME, there are lots of attacks on your attention, and it only takes one mistake.
If you have not been targeted yet, it's just a matter of time. For example, look around here at the Factorio users. "It's just a fun game." Ok, but how many hours a week are you spending on it? Looks like an addiction to me.
I know not everybody agrees with me, but when you are logging hundreds (thousands?) of hours on WoW, League, COD, ... it quacks like a duck.
WhatsApp can be dubbed a success as well, and Oculus wasn't a flop. And, what does that tell you about the company? They can only acquire and integrate products. Why? Because Leetcode (LC). Fk LC, Hard!!!
But other than that, it was all about working in a digital office, being advertised to, etc. They had this scene where one of Zuck's definitely-real friends is excited about "this new street art" on the digital wall that jumps off the wall and they interact with it. Imagine having popup ads that jump up at you when you're walking (gliding?) down the street!
He’s got one of the biggest free cash flow machines in the world, so he’d rather swing and miss than not swing and be left behind, given that with $200B top line, there is essentially no financial penalty for a swing and a miss.
It does look goofy to have made such a big gamble on something as stupid as Metaverse in hindsight, though.
I do think virtual interfaces will be a thing when the tech is ready. Not really ready player one style but more like what they have in the expanse for computer tech.
There are absolutely a lot of high profile failures though, with the metaverse being #1 (along with the name change to boot!)
Who cares? In the context of layoffs, it's the definition the company uses that matters.
Your definition of success has no bearing on whether the company is going to do layoffs or not. The company's definition does.
If you can show that the death of Franz Ferdinand necessarily caused tech layoffs in 2026, I'll listen. I don't think you can, though.
If there really is all this latent untapped need to drive a Jevron's effect software explosion that will keep developers employable, why would so many profitable companies be laying off so many workers into the transition?
The AI caused the developer productivity to increase (similar to other two big SW engineering productivity jumps - compilers and open source), which gives them more leverage over employers (capital). Things that you needed a small team to build (and thus more capital) you can now do in a single person.
In the long run, this will mean more software being written, possibly by even larger number of people (shift on the demand curve - as price of SW goes down demand increases). But before that happens, companies have a knee-jerk reaction to this as they're trying to take back control over developers, while assuming total amount of software will stay constant. Hence layoffs. But I think it's shortsighted, the companies will hurt themselves in the long run, because they will lay off people who could build them more products in the future. (They misunderstood - developers are not getting cheaper, it's the code that will.)
I see this view very often being pulled into the debate but demand is not only driven through a (low) cost. Demand obviously cannot grow infinitely so the actual question IMO is when and how do we reach the market saturation point.
First hypothesis is that ~all SWEs will remain employed (demand will proportionally rise with the lower cost of development).
Second hypothesis is some % of SWEs will loose their jobs - over-subscription of SWE roles (lower cost of development will drive the demand but not such that the market will be able to keep all those ~30M SWEs employed).
Third hypothesis is that we will see number of SWEs growing beyond ~30M - under-subscription of SWE roles (demand will be so high and development cost so low that we will enter the era of hyperinflation in software production).
At this point, I am inclined to believe that the second hypothesis is the most likely one.
Some of this has nothing to do with COVID boom numbers. Some are bailing water as fast as they can (Atlassian, et al), some are treading water and betting on future returns from AI (Block), etc.
The jig was up when social media like Reddit and tiktok during the pandemic was full of posts with big tech workers gloating about getting hired for six figure salaries to sleep in and play video games at home while putting in 2 hours of work a week, obvious to anyone with two neurons to rub together that it was a too-good-to-be-true unsustainable bubble that's gonna pop and trigger a brutal reset on the job market.
Further reinforced with Elon firing 80% of Twitter and the website didn't stop working, reminding big tech CEOs that they can also start looking into trimming the overhiring fat in their back yard, with no operational loss.
Reinforce that with wall street rewarding mass layoff with share price going up, contrary to the pandemic rewards of shares going up with over hiring, and you have the perfect storm.
AI and the idea of it replacing jobs, has nothing to dow with this, it's just 10 years of ZIRP reawarding every unprofitable bullsit SaaS start-up, and 10 years of "just learn to code bro" where every shoeshine boy became a coder so now tech companies hiring are spoiled for choice.
Edit: Oh I forgot, add to that the increased of offshoring to places with cheaper labor thanks to the normalisation of remote work making it an even perfecter(is that a word?) storm on why an average programmer's labor has way less value.
I would argue Twitter is in a worse state operationally, but either way it’s moot because one simply has to look at the company’s valuation since Musk took over to see things aren’t going well. Unless the goal is a very loud megaphone for conservative influencers and talking points, in which case things are going great.
X doesn't seem to be in any worse state operationally. The site's uptime is fine, and they've launched a ton of new features that were well received by the userbase. So: 80% fewer people, site remains operational, new feature launches have if anything accelerated. That is a success by any companies measure.
The left is now trying to rewrite history and claim the fall in valuation is because Musk took it over, but it's not. Twitter's valuation was already falling rapidly before Musk entered the game at all. Like many tech firms its price had a COVID surge. The valuations of multiple tech companies were fell sharply right as he was in the middle of the acquisition. The timing was unlucky and he overpaid. That's why he tried to back out of the deal and, if you remember, why the Twitter board went to court to force him to acquire the company against his will.
https://www.bbc.com/news/business-62102821
> There are other potential reasons why Mr Musk might want to pull out of the deal. The stock market price for large tech companies has fallen steeply in the last few months - did Musk offer too much?
The subsequent advertiser boycott says nothing about whether you can cut a company like Twitter by 80% and still have it function. That was caused by Musk publicly rejecting leftist claims as false. CEOs don't care about that because they can cut employees whilst claiming to be increasing diversity and the left will leave them alone.
Is it because they lack coding manpower, or because Elon chased away all advertisers? Correlation != causation.
Bear in mind I was talking about functionality of the product, not corporate operation/valuation.
>Unless the goal is a very loud megaphone for conservative influencers and talking points, in which case things are going great.
Funny, I never heard the left complain about Twitter being a woke/democrat megaphone during the Jack Dorsey era. Or complain about the social media censorship during the Biden administration. Where were they back then?
They don't hate the propaganda megaphone, they hate not being the ones in charge of it.
Didn’t say that.
> Bear in mind I was talking about functionality of the product, not corporate operation/valuation.
Didn’t say otherwise. In fact I made it a point to separate out the discussion of how it is functioning operationally from its valuation.
> Funny, I never heard the left complain about Twitter being a woke/democrat megaphone during the Jack Dorsey era.
And the right isn’t complaining about the current state. You also don’t know what I said about Twitter back then. I’m not accountable for whatever general idea you have concocted “the left.”
I am simply saying that it clearly is a megaphone for the right now. If you think it is even somewhat neutral and balanced now feel free to say so, but I would be surprised to hear that.
And that's why I said "They don't hate the propaganda megaphone, they hate not being the ones in charge of it.", meaning I don't think it's a partisan issue, and both sides are equally guilty.
I am progressive. I understand Twitter leaned left. But it leans way further right now as exerted from the top than it did the other direction.